RCBC Integrates Stablecoins for Seamless US Payments to Filipinos
Filipino freelancers can now receive payments from US clients via stablecoins, enhancing their banking experience.
Filipino workers earning from US-based clients have a new, efficient method to receive their payments thanks to the adoption of stablecoin technology by Rizal Commercial Banking Corporation (RCBC). This advanced payment service simplifies the process of cross-border transactions for remote workers and freelancers.
Improving Payment Options
RCBC has enhanced its US Virtual Account service via the RCBC Pulz app, partnering with the US-regulated clearing network, Meridian. This collaboration allows Filipinos to receive transfers in stablecoins, specifically USD Coin (USDC) and Tether (USDT).
These stablecoins are digital currencies designed to maintain a stable value equivalent to the US dollar. USDC is issued by Circle, while USDT is provided by Tether. By utilizing these assets, the bank aims to streamline the payment process for its customers.
Key Features of the Service
One significant advantage of the new service is that it operates outside of traditional banking hours. This means payments can be processed instantly at any time, even during weekends or holidays, providing greater flexibility for users.
When incoming stablecoin payments are made, they are automatically converted into US dollar balances. Customers do not need to hold or manage cryptocurrencies themselves in their virtual accounts. Instead, once converted, users can easily exchange their US dollar balances into Philippine pesos for deposit into their RCBC accounts.
Responding to Clients' Needs
RCBC's innovation reflects a growing trend in integrating blockchain technology into traditional banking. By embracing stablecoin transfers, RCBC is offering a solution that aligns with the needs of freelancers, virtual assistants, and remote professionals working for US clients.
Lito Villanueva, RCBC’s executive vice president and chief innovation and inclusion officer, emphasizes the importance of adapting to the changing needs of Filipino workers. He stated, "By enabling stablecoin transfers through the U.S. Virtual Account, we are providing more flexibility and convenience to freelancers wanting to access their earnings efficiently."
Future Developments
This latest enhancement builds upon the US Virtual Account service, which was first introduced in late 2025 and has quickly attracted thousands of professionals seeking to receive payments from abroad.
According to Meridian's CEO, Will Haering, the integration of stablecoin infrastructure into conventional banking demonstrates a significant shift in how financial services can better serve their customers.
As RCBC continues to adapt to the evolving landscape of digital banking, this move represents a pivotal step toward making international payments more accessible and efficient for Filipino workers.